WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Metromile, Inc., in connection with the proposed acquisition of the Company by Lemonade, Inc.. Under the terms of the merger agreement, the Company’s shareholders will receive Lemonade common shares at a ratio of 19:1, or one share of Lemonade for every nineteen shares of Metromile common stock that they hold. The transaction is valued at approximately $500 million.
Joshua Rubin, Esq.
305 Broadway, 7th Floor
New York, NY 10007
WeissLaw LLP is investigating whether (i) Metromile’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the merger consideration is fair to Metromile’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com